This LVRJ article is not really news, since we reported it a week ago, but it’s a nice confirmation. Buried in the article is the nice news that preforclosure filings in Clark County have fallen about 10% month over month, from 6429 to 5830:

The nation’s foreclosure hemorrhage has finally slowed. Foreclosures.com reported a slight drop in November foreclosures to 84,291 compared with 84,534 in the previous month. Clark County had 2,974 foreclosures, up from 2,653 in October. However, preforeclosure filings dropped to 5,830 from 6,429.

An article by Brian Wargo in In Business Las Vegas reports “Restrepo…reported that sales of high-rise units jumped 37 percent [in Q3, vs 2007]”. Days on Market is also down from 111 days to 102 days, over last year.

The index of indicators shows some positive elements. Immigration is up nearly 10% over last year, which creates housing demand. Employment is up. Not by much, and not enough to prevent the unemployment rate from going up, but there are more jobs in town than there were a year ago.

Notice that taxable sales are up considerably and that gaming revenue, while down, is down less than 3%.